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Technical Analysis of GBP/CHF for March 11, 2016 Technical outlook and chart setups: The GBP/CHF pair has dropped lower and is currently trading at 1.4040. The pair might have completed its correction and should be preparing to resume its rally towards the level of 1.4300...
Commodity Currencies Gain On Rebounding Oil Price Commodity currencies such as the Australian, the New Zealand and the Canadian dollars strengthened against their major counterparts in the Asian session on Friday amid rising risk aversion, as sentiment improved on rebounding oil prices...
Market News
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Roberto Jacobs, 11 March 2016, 08:25
USD/JPY Swings Back to 113.60 as Nikkei Rebounds The bulls found solid support near 5-DMA at 113.17 and swung back higher into gains, now taking on the recovery towards 114 handle...
Currency
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Roberto Jacobs, 11 March 2016, 07:34 #Nikkei
ECB: Rethinking its Strategy? – Rabobank Research Team at Rabobank, notes that the ECB cut its deposit rate by 10bp to -0.40% and its main refinancing rate by 5bp to 0...
Market News
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Roberto Jacobs, 11 March 2016, 07:29 #ECB
Brexit Scenarios: The Good, the Bad and the Ugly – HSBC Simon Wells, Chief UK Economist at HSBC, suggests that armed with a measure of uncertainty, its potential impact on GDP and what the policy response might be, they outline three ways in which the economy might be impacted in the event of a v...
Market News
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Roberto Jacobs, 11 March 2016, 07:12
Negative Interest Rates: The world Turned Upside Down Research Team at NAB, suggests that the latest ECB move highlights negative interest debate...
Market News
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Roberto Jacobs, 11 March 2016, 07:04
EUR/USD: U-turn, After Draghi Suggested Little Scope for Further Action Sean Callow, Research Analyst at Westpac, notes that the EUR/USD dropped about 1.5 cents in response to the ECB’s various easing measures but later reversed sharply, surging 4 cents to above 1...
Currency
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Roberto Jacobs, 11 March 2016, 06:39
NZ Dollar Advances Against Majors The New Zealand dollar weakened against the other major currencies in the Asian session on Friday. The NZ dollar rose to a 2-day high of 1.1145 against the Australian dollar, from yesterday's closing value of 1.1174. Against the U.S...
Currency
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Roberto Jacobs, 11 March 2016, 06:35
Draghi Delivers, but Now What? Research Team at BBH, notes that the Draghi delivered as he managed to get approval for everything. Key Quotes “Rate cuts, acceleration of purchases, including corporate bonds to the purchase program and new long-term repos were announced...
Market News
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Roberto Jacobs, 11 March 2016, 06:25
A spelling mistake in an online bank transfer instruction helped prevent a nearly $1 billion heist last month involving the Bangladesh central bank and the New York Fed, banking officials said...
Banks
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Francis Dogbe, 11 March 2016, 06:23
AUD/USD: Bulls Struggling to Take-out 0.7500 Amid Higher commodities The overnight recovery in the AUD/USD pair gained further traction over the last hour, as improved risk sentiment on rebounding oil prices underpins the Aussie. AUD/USD re-attempts 0.7500 Currently, the AUD/USD pair rallies 0...
Currency
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Roberto Jacobs, 11 March 2016, 06:23
In a near replay of the tumble, then rally, seen in December, the euro Thursday moved first sharply lower and then sharply higher in response to European Central Bank policy actions. On Dec. 3, the euro rallied 4.3%, from a $1.0524 trough to a $1...
Analytics & Forecasts
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Francis Dogbe, 11 March 2016, 06:19 #ECB
NZD/USD Extends Gains Alongside Oil, Tests 0.6700 The NZD/USD pair extends its upbeat momentum into a second day this Friday, with the bird positively impacted by more stimulus unveiled by the RBNZ and ECB the day earlier. NZD/USD hovers around hourly 50-SMA Currently, the NZD/USD pair advances 0...
Currency
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Roberto Jacobs, 11 March 2016, 05:12 #nzdusd
Asian Stocks Drops as Draghi Fails to Lift Sentiment The sentiment on the Asian markets remained largely subdued so far this session, with most Asian indices swinging lower as Draghi’s no further rate cut stance overshadows the ECB stimulus-led optimism...
Market News
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Roberto Jacobs, 11 March 2016, 05:08
USD/JPY Recovery Remains Capped below Hourly 200-SMA The bulls appear to have given up in the Asian trades this Friday, after having several attempts to break above the stiff resistance placed just shy of hourly 200-SMA at 113.40...
Currency
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Roberto Jacobs, 11 March 2016, 05:04
EURUSD Daily Forecast: March 11 2016 EURUSD Forecast The EURUSD attempted to push lower yesterday bottomed at 1.0821 but whipsawed to the upside topped at 1.1218 in a high volatile market during ECB press conference...
Analytics & Forecasts
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Roberto Jacobs, 11 March 2016, 04:45
GBPUSD Daily Forecast: March 11 2016 GBPUSD Forecast The GBPUSD attempted to push lower yesterday, slipped below 1.4130 but whipsawed to the upside topped at 1.4317. The bias is bullish in nearest term testing 1.4400 before targeting 1.4500. Immediate support is seen around 1.4240...
Analytics & Forecasts
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Roberto Jacobs, 11 March 2016, 04:43
USDJPY Daily Forecast: March 11 2016 USDJPY Forecast The USDJPY was indecisive yesterday. Price attempted to push higher, topped at 114.44 but whipsawed to the downside and closed lower at 113.13. The bias is bearish in nearest term testing 112.50/25 region...
Analytics & Forecasts
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Roberto Jacobs, 11 March 2016, 04:42
USDCHF Daily Forecast: March 11 2016 USDCHF Forecast The USDCHF attempted to push higher yesterday topped at 1.0092 but whipsawed to the downside and closed lower at 0.9849 in a high volatile market during ECB press conference...
Analytics & Forecasts
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Roberto Jacobs, 11 March 2016, 04:38 #usdchf
GOLD: Having closed higher and seen following through during early trading today, GOLD faces further sees bullish momentum. On the downside, support comes in at the 1,270.00 level where a break will turn attention to the 1,260.00 level...
Analytics & Forecasts
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FXTechstrategy Team, 11 March 2016, 04:26